£244,965
This estimated value is based upon the latest sale price for the house of £82,000 on 2 Apr 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £82,000 | 2 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in April 2002 the House Price Index for TYNE AND WEAR was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £82,000 results in an estimated price of approximately £244,965.
| 2 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £82,000 | £162,965 | £244,965 |
The Postcode Pricing Model uses changes in average sales price within the NE9 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 78.209 % | £64,130 | £146,130 |
| 3 Month Average | 130.999 % | £107,419 | £189,419 |
| 6 Month Average | 134.227 % | £110,065 | £192,065 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £438,492 | £432,000 | 58 KELLS LANE |
| 1 Mar 2023 | £323,043 | £320,000 | 17 RAVENSDALE CRESCENT |
| 20 Feb 2023 | £64,956 | £65,000 | 14 THE FELLS SALKELD ROAD |
| 17 Feb 2023 | £34,976 | £35,000 | 6 THE FELLS SALKELD ROAD |
| 2 Sep 2022 | £302,557 | £305,000 | 10 MELROSE AVENUE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 19 Oct 2021. Using an estimated price of £244,966 means this house is valued at £2,167 per sq meter (£201 per sq foot).
The average size of a house on KELLS LANE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Kellfield Avenue |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Florence Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Harcourt Street |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Arundel Gardens |
| Apr 2024 | Burglary | Under investigation | On or near Sports/Recreation Area |